Auction
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Multi-Unit Residential Investment Opportunity in Pegeia, Paphos

  • Auction
  • Cyprus
  • Apartments (Multiple)
  • Commercial

Reserve €350.000

Bidder Security €7.000 *fully refundable if unsuccessful bidder
Auction Date 29 April
Bidding Opens 11:00 (GMT+3)
Bidding Closes To be Confirmed

Property Viewings

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Addendum

The property is being sold through an assignment of a contract of sale and/or assignment agreement, pursuant to which all legal rights of the assignor shall be transferred to the assignee. You are informed that there is no title deed for the subject property, and the assignor cannot guarantee that a title deed will be and/or may ever be issued in relation to the subject property. You are advised to seek independent advice in the event that the subject property will be purchased through financing, as properties without a separate title deed and/or in these circumstances, are not generally accepted by the banks as collaterals for the purpose of granting a loan. Furthermore, you are advised to seek independent advice in relation to any costs, duties, fees and levies that may be associated with the purchase of the Property.

Property Summary

  • Multi-Unit Residential Investment Opportunity in the “Paschalis Hills” development.
  • The properties consist of 6 studio apartments, 2 one-bedroom apartments and 4 two-bedroom apartments
  • The properties have a total enclosed area of 519 sq. m. and a total uncovered verandas area of 255 sq. m.
  • The development benefits from communal car parking spaces and communal swimming pools.
  • The estimated rental potential of all 12 units fully let in good condition is approximately €60,000 - €75,000 per annum.
  • Vacant Possession.
  • Offers for each unit separately will not be accepted.

Contact Us

Yiangos Hadjivassiliou
Yiangos Hadjivassiliou
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

Contact Us

Yiangos Hadjivassiliou
Yiangos Hadjivassiliou
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

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Property description

  • Twelve apartments in Pegeia Paphos in the “Paschali Hill Apartments” development.
  • The properties consist of 6 studio apartments, 2 one-bedroom apartments and 4 two-bedroom apartments, with a total enclosed area of 519 sq. m. and a total uncovered veranda area of 255 sq. m.
  • A table of areas has been provided, and each apartment is described below:
  1. Studio Apartments (6): Each studio apartment comprises an open plan bedroom, a bathroom and an uncovered veranda.
  2. One Bedroom Apartments (2): Each one-bedroom apartment comprises an open plan living room with a kitchen, a bedroom, a bathroom and an uncovered veranda.
  3. Two Bedroom Apartments (4): Each two-bedroom apartment comprises an open plan living room with a kitchen, two bedrooms, a bathroom and an uncovered veranda.
  • Externally the development benefits from communal parking spaces and communal swimming pools.
  • Access to the floors of the development is achievable via internal and external staircases

Location

  • The development is called “Paschali Hill Apartments” and it is located, in the Municipality of Akamas - Pegeia, in the district of Paphos under Land Reg. No. 0/46193.
  • The development abuts onto Vrysoudiwn street, and it is located approximately 660 meters west of Michalaki Kyprianou Avenue, and approximately 430 meters east of the Agios Dimitrios Church.
  • The immediate area of the property is mainly characterized by residential units such as houses and apartment buildings.

Tenancy

  • Vacant Possession

Accommodation

The property was not internally inspected or measured by BidX1. The information was provided by the Vendor.

  • We are informed that the property provides:We are informed that the building area extends to approx. 519 sq. m. of enclosed area and approx. 255 sq.m. of uncovered verandas.
  • Interested parties are recommended to undertake their own inquiries to confirm property measurements.
  • The separate areas of the apartments are detailed below:

Additional Details

Door No.

Block

Floor/Level

Bedroom No.

Internal area (sq.m.)

Uncovered Veranda (sq.m.)

2

B1

Ground Floor

2

65

32

01A

B1

Ground Floor

Studio

35

12

106

A1

First Floor

2

65

32

203

A

First Floor

1

51

32

106

A

First Floor

2

65

32

01

C

Ground Floor

2

65

32

303

A

Third Floor

1

49

32

01

B1

Ground Floor

Studio

31

3

204A

A1

Second Floor

Studio

31

16

06

A

Ground Floor

Studio

31

16

06

A1

Ground Floor

Studio

31

16

B

102A

First Floor

Studio

30

16

 

Note: The information above was provided by the vendor. Interested parties are recommended to undertake their own inquiries to confirm property measurements.

 

VAT

VAT is applicable to this sale - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is subject to VAT as well as, the exact amount payable.

Additional Information

Note: The information above was provided by the vendor. Interested parties are recommended to undertake their own inquiries to confirm property measurements.

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor. BidX1 is a trading name of Islander Estate Agencies Limited, which is located in Cyprus. Licence No. 579/E and Reg No. 1367.

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